TEX Options History — August 2019

In August 2019, TEX traded between $23.32 and $28.82. ATM implied volatility averaged 41.6%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 6.1% (HV 20d: 47.7%). Max pain ranged from $29.00 to $32.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 3.47.

Notable Days

  • 2019-08-01: Highest Volume — 1,281 contracts
  • 2019-08-05: Largest IV spike — 27.9% change
  • 2019-08-05: Highest IV Rank — 56.1%
  • 2019-08-15: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.27$23.32$28.82$28.82$24.90
Max Pain$30.36$29.00$32.00$31.00$29.00
ATM IV41.6%36.0%49.3%36.0%39.8%
Expected Move11.7%10.3%13.3%10.3%11.4%
HV 20d47.7%43.8%51.2%43.9%50.1%
HV 60d38.7%35.7%41.9%36.5%41.6%
IV Rank37.6%24.3%56.1%24.3%32.3%
IV Percentile62.6%46.8%86.5%47.2%54.0%
Term Structure-0.8%-3.0%0.9%-1.4%0.6%
VWIV41.3%36.0%52.2%37.8%38.1%
Skew 25d6.7%4.4%8.0%4.4%6.4%
Skew 10d14.7%5.5%23.7%14.8%5.5%
Call IV 25d37.6%34.6%42.2%36.0%36.4%
Put IV 25d44.3%40.0%49.2%40.5%42.8%
Bid-Ask Spread %16.6613.1223.9516.0123.95
Gamma HHI0.190.110.260.110.23
Net GEX-108.0K-132.1K-68.9K-68.9K-113.8K
Net DEX5.7M3.1M8.2M3.1M4.1M
Net VEX-15.4K-19.2K-12.9K-18.9K-16.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.470.0028.433.547.07
Total Volume279.818231,2811,281363
Total OI6,471.5915,4037,7985,4036,217

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-08-01$28.82$31.0036.0%10.3%43.9%24.3%37.8%4.4%-1.4%-68.9K3.1M-18.9K3.5416.01N/AN/A2829992,6792,724
2019-08-02$28.38$31.0038.6%11.1%43.8%30.4%36.5%5.3%-3.0%-130.5K4.3M-19.2K0.8221.99N/AN/A87712,6843,262
2019-08-05$27.12$32.0049.3%11.8%46.5%56.1%42.4%7.7%-1.7%-109.6K5.4M-15.8K4.9317.72N/AN/A743652,6673,266
2019-08-06$26.97$32.0042.0%11.3%46.1%38.5%39.4%7.8%-1.4%-132.1K5.9M-15.9K0.3817.37N/AN/A255982,6713,544
2019-08-07$26.54$31.0042.6%11.3%46.3%40.0%39.4%7.2%-0.5%-111.5K6.2M-15.6K1.6417.07N/AN/A951562,8483,619
2019-08-08$26.81$31.0037.9%10.7%46.5%28.7%39.0%6.4%0.4%-127.0K6.1M-16.4K0.7021.81N/AN/A40282,9023,716
2019-08-09$25.68$31.0039.3%11.1%44.6%32.2%41.4%7.4%-0.4%-89.6K6.8M-13.6K3.7714.78N/AN/A813052,8973,714
2019-08-12$25.10$31.0048.8%12.2%44.8%54.7%42.5%7.3%-1.9%-84.6K6.9M-12.9K11.9213.84N/AN/A627392,9013,797
2019-08-13$25.62$31.0039.3%11.3%45.7%32.1%42.7%8.0%-0.8%-119.2K7.3M-16.9K1.2623.28N/AN/A2002522,9344,442
2019-08-14$24.22$31.0044.4%12.7%48.0%44.2%43.7%5.8%-1.0%-108.3K7.9M-15.2K1.8213.84N/AN/A601093,0894,600
2019-08-15$23.39$30.0046.6%13.3%48.5%49.4%47.0%6.9%-2.4%-99.8K8.2M-13.3K0.6214.60N/AN/A110683,0914,595
2019-08-16$24.48$30.0041.6%11.9%50.5%37.5%40.5%7.0%0.3%-115.6K7.8M-15.7K2.1714.79N/AN/A29633,1824,616
2019-08-19$24.84$30.0038.1%10.9%51.2%29.3%37.4%7.1%0.9%-129.2K5.1M-16.0K0.1513.12N/AN/A168252,4293,604
2019-08-20$24.34$30.0040.2%11.5%48.3%34.1%39.0%6.7%-0.7%-116.4K5.4M-15.0K0.2115.71N/AN/A163352,5673,617
2019-08-21$25.03$30.0037.6%10.8%48.2%27.9%36.0%5.9%0.4%-117.3K4.5M-16.6K0.0715.72N/AN/A8462,6723,499
2019-08-22$25.09$30.0038.5%11.0%48.6%30.2%42.2%5.9%0.6%-113.7K4.4M-16.8K0.6915.64N/AN/A29202,7333,503
2019-08-23$23.55$30.0042.3%12.1%50.1%39.3%45.5%7.8%-1.2%-97.0K5.4M-13.7K0.1316.39N/AN/A120152,7203,504
2019-08-26$23.61$30.0043.9%12.6%50.1%43.0%42.1%6.3%-0.8%-94.5K5.3M-13.9K1.3813.81N/AN/A951312,7853,506
2019-08-27$23.32$29.0045.0%12.9%50.0%45.6%45.0%7.3%-1.4%-89.7K5.2M-12.9K4.7514.55N/AN/A4192,8193,388
2019-08-28$23.48$29.0044.7%12.8%48.4%45.0%52.2%5.6%-1.1%-94.3K5.0M-12.9K28.4315.76N/AN/A71992,8233,345
2019-08-29$24.64$29.0039.2%11.2%49.8%31.7%37.6%7.0%-0.2%-112.3K4.3M-15.4K0.0014.74N/AN/A4502,8223,382
2019-08-30$24.90$29.0039.8%11.4%50.1%32.3%38.1%6.4%0.6%-113.8K4.1M-16.0K7.0723.95N/AN/A453182,8353,382